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Finlandia University

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 381359570 ✦ Hancock, MI ✦ Designated as a 501(c)(3)

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Overview

What is Finlandia University?

Finlandia University is a Michigan-based learning community with a focus on academic excellence and service. Approximately 400 students attended the institution during the 2020/21 academic year, pursuing studies in business, arts, sciences, health sciences, and art and design. Finlandia University offers a variety of co-curricular, community, and auxiliary services to support its students' overall development. With a team of 254 employees, the university is committed to accompanying its students on their journey towards a fulfilling life.


Official website here: www.finlandia.edu

What are the reviews and ratings of this charity?

Charity Navigator Rating: 81% (Three-Star out of Four Star rating)

Finlandia University has received a solid Three-Star rating from Charity Navigator, indicating a commendable level of accountability and finance management. The score is derived solely from their accountability metrics, where the organization excels in several areas including having a majority of independent board members and a clear conflict of interest policy. These factors demonstrate strong governance and a commitment to transparency.

The university shows impressive financial health, reflected in its liabilities to assets ratio and a high program expense ratio, suggesting that a large portion of their budget is allocated towards fulfilling their mission. The absence of material asset diversion further enhances their credibility, indicating a responsible and ethical approach to financial management.

However, while the organization has strong financial and governance practices, the single focus on accountability and finance does not provide a comprehensive view of overall effectiveness or program impact. Potential donors and stakeholders might want to look into additional qualitative factors to gauge the full extent of the university's contributions to its community.


This AI summary has been generated from information found on Charity Navigator.

Is Finlandia University legitimate?

Finlandia University is a legitimate nonprofit organization registered as a 501(c)(3) entity. Finlandia University submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,495,073

For more financial information, click here


Official website here: www.finlandia.edu

What is the mission statement of Finlandia University?

Finlandia University is committed to fostering an academic community that prioritizes excellence and service. With a student body of around 400, the institution offers programs in business, arts and sciences, health sciences, and art and design. Beyond the classroom, Finlandia University provides co-curricular and community services that support the holistic development of its students, aligning with its mission to accompany students on their journey towards a fulfilling life.


Official website here: www.finlandia.edu

Who is the CEO of Finlandia University?

Dr Philip Johnson is the President of Finlandia University.


Official website here: www.finlandia.edu

What is the revenue of Finlandia University?

Finlandia University's revenue in 2021 was $18,081,025.


Official website here: www.finlandia.edu

Who are the executives of Finlandia University and what are their salaries?

The average compensation at Finlandia University during 2021 was $17,697. There are 254 employees at Finlandia University.


Here are 13 key members and their salaries:


Dr Philip Johnson (President)
  • Compensation: $105,128
  • Related: $0
  • Other: $0
Glenn Anderson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shelby Hamar (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Michael A Lahti (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tiger Marcotte (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Nakkula (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Daniel Niemi (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Stephen Nikander (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr John Niska (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Ross Rinkinen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Peter Vorhes (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ms Julie Badel (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeanne Kemppainen (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.finlandia.edu

Where can I find the form 990 for Finlandia University?

Finlandia University's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.finlandia.edu

Learn more at the official website: www.finlandia.edu

Mission Statement of Finlandia University

Finlandia University, a learning community dedicated to academic excellence and service, is committed to delivering quality education in business, arts, sciences, health sciences, and art and design to around 400 students every academic year. The organization goes beyond imparting knowledge by offering co-curricular, community, and auxiliary services that cater to the holistic development of its students, aligning with its mission to accompany the whole student towards a whole life.

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Impact




October, 2024

Finlandia University significantly contributes to the academic landscape and community well-being in Hancock, MI. Fostering a learning environment centered on academic excellence, the university offers a diverse range of courses in areas such as business, arts, sciences, health sciences, and art and design. During the 2020/21 academic year, approximately 400 students engaged in these programs, benefiting from a holistic education that extends beyond academics.

In addition to its academic offerings, Finlandia University enhances student development through co-curricular and community services, supporting the mission of nurturing well-rounded individuals. This commitment to service and community involvement underscores the university's role as a vital educational institution, empowering students to lead fulfilling lives both during and after their academic journeys. Through its focus on education and community engagement, Finlandia University plays a pivotal role in shaping the future of its students and the broader community.




This information is meant to be a general summary of Finlandia University. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$18,081,025 (2021)
Expenses
$17,581,030 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $4,213
  • Program Service Revenue: $14,525,189
  • Gross Receipts: $18,081,025

Assets and Liabilities:

  • Total Assets: $36,184,751
  • Total Liabilities: $16,954,078
  • Net Assets: $19,230,673

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TUITION AND FEES

Revenue

$8,572,402

GOVERNMENT GRANTS (FED AID)

Revenue

$5,952,787

Organization Details

Founding Year

1896

Principal Officer

Dr Philip Johnson

Main Address

601 QUINCY STREET, HANCOCK, MI, 49930

NTEE Category

Code: B41Z - Education

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